Hi all,
as a company, can we deduct tds on courier services if single bill exceed 20000/- under 194C.
Menu
tds on Courier Services
Replies (6)
Hi,
As a company u can deduct TDS u/s 194C on courier services but if the courier company has given a no TDS Deduction Certificate than u cannot deduct.
No. w.e.f 1st July'10 threshold limit for single payment under section -194C has been extended to Rs. 30000
You have to deduct tds on courier @ 2% , if single bill > Rs 2000 and gross payment rs 50000 upto june 2010 after that a single payment >30000 and gross payment in excess of Rs 75000 form july01,2010.
No,
TDS on contractor u/s 194c is deductible only in case a single payment exceeds Rs. 30000 or the aggregate payments in the year exceeds Rs. 75000.
TDS is applicable only if the single bill exceeds Rs. 30000 or aggregate for the whole year is Rs. 75000 or above
Agree with Parth and Nimish
Recent Threads
- Understanding section 269st
- CASH AS GIFT OR FD AS GIFT
- NPS Pre Maturity full exit taxation rules
- Planning to ceased a Business
- Taxation for sale and purchase of REIT shares
- PAN - AADHAR LINK
- RECONCILIATION OF GSTR 2B Vs BOOKS WITH VBA
- Regarding cancellation of GST Number
- GST on business receipts pre -registration
- A Restaurant registered under the Composition Sche
Related Threads
CAclubindia
